Discover and read the best of Twitter Threads about #eurostr
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(THREAD) Big changes are coming for euro area benchmark rates from October. Market participants need to be prepared. That’s the message from Cornelia Holthausen, who is in charge of benchmark rates at the ECB 1/6
Benchmark rates are typically an average of transactions made by market participants. But why do they matter? And why do we need this changeover? 2/6
The ECB has been actively engaged in the reform of benchmark rates, including launching a new benchmark rate. But why is the ECB interested in benchmark rates and what role have we played in the reforms? 3/6
